Today we’re talking about smart equity strategy.
Bob Nelson, Eugene real estate investment broker
Bob Nelson: I’d like to deal this afternoon with the concept of wise use of equity. What you’re attempting to do is take surplus cash… Now, whenever is there a time that you have surplus cash? There’s always a use for surplus cash. But with a certain amount of discipline and a game plan, you are able to divert a portion of the cash that’s available to you into a savings account, into a use with other equities that you might have, to better your position. And the objective of the endgame is to produce enough cashflow to support the lifestyle to which you would like to become accustom at the point of your retirement.
Now, again, this doesn’t happen by accident. Now you might be lucky enough to have selected wealthy parents or you might have been lucky enough to select a wealthy spouse and they finally allow you the opportunity to deal with those funds for your own personal use. In the absence of that, you had to make a good game plan, stick with discipline to that game plan and continue to accrue an equity base that can be shifted into income producing properties.
I love doing this with individuals. This is my ultimate game plan is to set an game plan, and endgame, that would allow comfortable retirement. Now obviously, with any amount of income, you can outlive and you can outspend your capacities. But again, with discipline, you’ve got it made. Just don’t mess it up.
And for those of you that are concerned, “Is my game plan a solid one?” I’d love to discuss it with you. Give me a call, we’ll go from there. In some instances, not done over the telephone, but I might be able to give you some hands as you say, “Hey, I am in the middle of the forest and I can’t identify any of the trees or visa vie.” It’s easy, it’s simply easy. I can do that myself if I’m not focused on my game plan. And the game plan has to be written, and it has be followed closely.
Join Eugene, Oregon, real estate experts: Bob Nelson, Real Estate Investment Broker with Pacwest Real Estate Investments, and Marcia Edwards, Residential Real Estate Broker with Windermere Real Estate, daily at 5:30 on KPNW for the “Real Estate Today” radio show.